Our in-house expert traders discovered MATIC crypto during the early stages of its price range (as seen in the above image). As a result, we were able to pocket more than 100x gains. We can tell you that it’s pretty spectacular to ride such massive rallies.
Plus, MATIC is just one of several amazing opportunities we were able to get into. Another great example is EGLD, which also provided us with nearly 100x gains.
It turns out that the average altcoin experiences 50x-70x price appreciation during a bull market. Yet, many tokens make 100x and even 1000x moves.
If you missed out on past opportunities, do not worry. The next bull run will offer the same kinds of gains. Just make sure you are ready for the upcoming cycle. To do so, you need to use the correct tools in order to find tokens before they pump!
What tool could that possibly be?
It’s a tool created by our in-house altcoin traders and Web3 developers who spotted MATIC crypto and EGLD: Moralis Money. Take Moralis Money for a spin to see if you can name some crypto predictions by using our preset filters or apply your unique filters in seconds:
Is MATIC Crypto a Good Investment – Historical Price Data
The chart above shows the weekly MATIC crypto price on a logarithmic scale. That chart shows that the lowest price of MATIC was $0.0026, while the peak was at approximately $2.92. That means the coin experienced a total value gain of more than 1000x.
The first major rally – in the spring of 2019 – took MATIC’s price into the $0.01 to $0.03 range. The coin stayed in that range, with exceptional spikes to as high as $0.045, and dropped to as low as $0.0064 for approximately 600 days.
What followed next – starting at the beginning of January 2021 – was quite insane. After all, MATIC crypto experienced more than a 14,000% price increase in less than five months.
Following its peak on May 18, 2021, the price quickly retested its previous support around $0.75, just to quickly aim for its new highs again. However, the price fell short of its previous all-time high (ATH) at $2.7, stopping at $2.45.
After that second peak, MATIC experienced a slow 55-day retracement back to the $0.62 level. Next came an even slower 158-day climb with several ups and downs toward a new ATH at approximately $2.92 on December 27, 2021.
Mainly due to the crypto market’s bear season, MATIC went on a 173-day price retracement, reaching as low as $0.32. After reaching that level, which we believe was this bear market’s low for MATIC, the crypto asset started to gain value again.
The last local high was at $1.56 on February 28, 2023. Since then, the price has retraced back to the $1 range; it’s been consolidating between $1 and $1.18. At the time of writing, the price of MATIC is $1.12.
MATIC Crypto Price Prediction
The above weekly MATIC crypto chart indicates all major horizontal support and resistance areas, the most significant EMAs, and a current price-ranging channel. Based on that chart, we can see that MATIC has been making new higher highs and higher lows, which indicates an uptrend movement. On the weekly timeframe, the price is also squeezed between the 10 EMA and 21 EMA, which has a tendency to “pop” upwards.
However, it wouldn’t be surprising if the price revisited the bottom of the rising channel. So, the price might be going sideways for the next couple of weeks.
Looking at MATIC on a daily chart, we can further confirm the possibility of retesting support levels at around $1.08 and $1.02. However, overall, MATIC crypto looks quite strong, and it’s one of the altcoins that held extremely well during the market lows.
With that said, we can expect MATIC to start reaching for the resistance levels above the current price range if the market continues to recover. This means that the following price predictions have a high probability:
- $1.13
- $1.31
- $1.50
- $1.74
- $1.95
- $2.11
- $2.41
- $2.55
- $2.92
After clearing all of the above levels, which will definitely take some time, MATIC will go into price discovery. While we could use the Fibonacci tool to predict further price levels, we don’t really believe in price prediction.
In fact, price predictions can often be highly misleading. As such, it’s much more important to focus on the timing and the current market pulse.
There’s no better way to do that than by looking at real-time, on-chain data. After all, on-chain activity precedes price movement and allows you to enter a position before price action occurs.
Analyze Future MATIC Crypto Price Data Yourself
If you are interested in being able to analyze charts and determine the most likely MATIC crypto price prediction, you ought to learn the basics of technical analysis (TA). The latter can help you find confluences and make rational decisions on how to respond to market moves.
However, TA alone is not enough to know what is actually going to happen. You must look at what the on-chain data is telling you. Plus, while MATIC still has room to grow, it’s highly unlikely it will do another 50x from its current levels anytime soon.
So, it might be a lot more lucrative for you to consider finding new coins with more upside potential; however, TA won’t help you with that.
So, how to find these coins, then?
Use Moralis Money!
Consider Other Altcoins Before Investing in MATIC
While MATIC crypto can still be a great investment, there are many other excellent opportunities. In fact, if you’ve been wondering how to get rich quick, you need to look at the altcoin markets more closely.
With Moralis Money, you can find great opportunities in seconds.
Using this tool, you can specifically focus on newly-minted coins to try and catch those 50x-70x rides. You can also spot already-established coins as they are getting ready for a new rally. That’s how Moralis Money users were able to get in on HEX crypto for 400% gains:
With Moralis Money, it wasn’t at all about providing a HEX crypto price prediction. Instead, Moralis Money provided clear signals based on on-chain data that HEX was gaining momentum. As a result, users could time their entry before the momentum was reflected in the price increase.
Moralis Money also detects a reducing momentum, indicating that it might be time to get out of the position or short the market. As pointed out previously, it’s all about timing!
All in all, with Moralis Money, you can time your moves and finally front-run the price action!
Avoid These 3 Common Mistakes When Buying MATIC Crypto
Can you guess the three most common pitfalls that altcoin investors face? If you guessed FOMO, scams, and lack of time, then you’re right! Just like the guy in the image above, you can jump over these hurdles using the right tools.
Our team of experienced altcoin traders and Web3 developers created Moralis Money in direct response to these pitfalls. Furthermore, it solves these challenges with its three core features: Token Explorer, Token Shield, and Token Alerts. These address FOMO, scams, and time scarcity. Let’s explore these further!
- Token Explorer allows you to query real-time, on-chain data based on preset filters or your own filters. In response, you get a list of crypto tokens experiencing increasing or decreasing momentum. As such, you can position yourself properly before any large move. Consequently, you don’t FOMO into coins that are about to peak!
- Token Shield helps you reduce risk by distinguishing tokens with security scores. No more rug pulls for you!
- Token Alerts lets you set up email notifications and automatically detect whenever a new coin matches your preset criteria. With Token Alerts, you’ll find hidden crypto gems (such as Arbitrum gems) on autopilot!
Find Crypto Using Moralis Money
Using Moralis Money is as straightforward as it gets. Still, we decided to provide you with a quick-start guide to help you get going:
- Visit Moralis Money and open Token Explorer.
- Add the Coin Age filter to find all the coins minted in the last X days.
- Hit the “Add Another Filter” button to refine your list and remove garbage coins. You can choose between many filters, including Holders, Buyers, and Experienced Buyers.
- Mix and match multiple filters to find your winning combination. Basically, rinse and repeat the following: select a metric, filter, enter a value, select a timeframe, and run your query!
By following the above steps, you’ll have your list of candidates ready in a matter of seconds.
Do you want an additional shortcut? Just click on one of the preset filters that await you on the homepage:
Finally, you have an easy-to-use tool that can help you determine the next big crypto to invest in at any given moment!
And, unless you decide to focus completely on newly created tokens, Moralis Money may also tell you that MATIC crypto deserves your attention.
How to Stay Safe with Token Shield
Just run a query with Token Explorer, and Token Shield will automatically perform a security check for the tokens that match your filters.
Looking at the image above, you can see the color-coded shield icons and security scores next to each token. These indications help you avoid coins with higher risk potential.
You can even apply the Security Score filter to automatically exclude higher-risk results. Here’s an example that only returns tokens with a security score of 80 or higher:
How to Focus on Other Chains
Aside from Ethereum, many other blockchain networks support token creation. In fact, newer chains tend to be real gold mines when it comes to finding hidden crypto gems.
Fortunately, Moralis Money enables you to switch among all supported networks with two simple clicks:
- Click on the network option
- Select the network you want to explore
What is MATIC Crypto?
MATIC crypto is the native cryptocurrency of the Polygon networks, formerly known as Matic Network. Polygon is a proof-of-stake (PoS) sidechain for Ethereum that supports smart contracts and the creation of decentralized applications. It is designed to provide scalability and faster transactions at a much lower cost compared to the Ethereum network.
One of the most significant features of Polygon is its ability to integrate with other blockchains. This allows cross-transactions and interoperability between different decentralized applications. It hosts more than 37,000 dapps (decentralized applications), making it one of the most active blockchain ecosystems in the market. It can handle a massive volume of transactions per unit of time – up to 65,000 transactions per second. This capability makes it an excellent solution for gaming networks, decentralized exchanges, token lending, credit scoring platforms, and many more.
Polygon supports staking, allowing holders to earn passive income by holding a balance in their wallets. The annual return ranges from 8% to 14%, depending on where you stake. It also features a mobile application integrated with WalletConnect, making it easy for users to access their Polygon wallets on the go.
Another essential feature of Polygon is its fraud-proof nature, allowing users to submit details of suspended fraudulent transactions on sidechains, reducing fraudulent cases. It also supports non-fungible tokens (NFTs) through “plasma cash,” making it an ideal solution for game cards and social state changes that implement predefined fees.
Polygon has a massive trading volume and is used by over three million people, with an expansive network of partners, including MakerDAO, Decentraland, Zebi, and Hey Coral, among others.
All in all, if you want to execute transactions of Polygon, you need MATIC crypto. Nonetheless, the latter can also be an investment opportunity.
Summary: MATIC Crypto Price Prediction – Is MATIC a Good Investment?
In today’s article, you had a chance to go through the historical price data of the MATIC crypto asset. This demonstrated that in the past, MATIC was a great investment. Using TA, we also determined that MATIC still looks quite strong and that it may still be a good investment if you can time your entry properly.
Based on basic TA, we even provided you with some likely price predictions for this popular altcoin. However, being too fixated on predicting prices is not the best approach.
Many interested in MATIC crypto are interested in cryptocurrency in general. So, when will crypto go back up? This is a common question most investors want an answer to, especially when they see crypto crashing. To read our take on this, read our article addressing the “why is crypto down?” question!
Start using Moralis Money today and get ready to make the most of the upcoming bull run!
